Sygnus is a leading alternative investment firm in the Caribbean and Latin America, committed to accelerating economic growth across the region, using innovative and creative financing solutions. Consequently, the Company offers an alternative channel through . SYGNUS CREDIT INVESTMENTS LIMITED Key Audit Matters (Continued) 2. The technical storage or access that is used exclusively for anonymous statistical purposes. Sygnus Credit Investments Limited - Main Market Prospectus Caribbean Pavement Solutions, the road paving arm of Bahamas Striping Group of Companies (BSGC) has tapped into $25 million in funding from Jamaica's Sygnus Credit Investments Limited for the $60 million Exuma road improvement project. SCI is managed by Sygnus Capital Limited, a leading Alternative Investment Management Company in the Caribbean. A single cookie will be used in your browser to remember your preference not to be tracked. Nontraditional forms of credit are more customized and flexible than traditional financing. Pan American Finance, a financial advisory firm based in Miami, Florida, and Sygnus Capital were joint financial advisors to SCI on the acquisition. The company is led by a very experienced team with an impressive track record in credit management. Sygnus Deneb Investments Limited ("SDI"), the Private Equity investment company managed by Sygnus has announced its partnership with the Facey Group through an equity investment in CS&T, an integrated B2B logistics services provider which provides . The technical storage or access that is used exclusively for statistical purposes. PDF APO Analysis: Sygnus Credit Investments Limited (SCI) Sygnus Credit Investments Ltd Ordinary Shares - Morningstar Sygnus Credit Investments Limited - Jamaica Stock Exchange Sygnus Credit Investments plans to raise US$10M in IPO The rate of demand for capital and the speed of growth will be phenomenal, Morris said. This website stores cookies on your computer which help us improve our site and provide more personalized information to you. Sygnus is looking towards Cayman Islands, the Dutch Caribbean and other locations for a surge in business. A single cookie will be used in your browser to remember your preference not to be tracked. Sygnus Credit Investments Limited (SCI) is a Jamaica-based specialty credit investment company. Sygnus Credit Investments Limited Company Profile | KINGSTON, Kingston, Jamaica | Competitors, Financials & Contacts - Dun & Bradstreet HOME / BUSINESS DIRECTORY / FINANCE AND INSURANCE / CREDIT INTERMEDIATION AND RELATED ACTIVITIES / ACTIVITIES RELATED TO CREDIT INTERMEDIATION / JAMAICA / KINGSTON / KINGSTON / Sygnus Credit Investments Limited Get Sygnus Credit Investments Ltd historical price data for SCIUSD stock. James Connor, CEO and founding partner of Acrecent, also expressed his positive thoughts on the acquisition: Anchorage | Beijing | Boise | Costa Mesa | Dallas | Denver | Des Moines | Hong Kong | London | Minneapolis | Missoula | New York | Palo Alto | Phoenix| Salt Lake City | Seattle | Shanghai | Toronto | Vancouver | Washington, DC | Wilmington, Zions Bancorporation completes merger and consolidation of subsidiary banks, Key players combine in significant transaction for payments industry, Civil RICO complaint dismissed against five national banks, Wholesale power supplier Tri-State refinances $1.59 billion and increases credit facility, Dorsey Partner Joseph Lynyak on SBV Customers Who Lost Their Deposits but Loans Remain with First Citizens Bank, Webinar Playback: Bank Counsel Roundtable: All About Guaranties: Bad Acts, Non-Recourse, Interaction with Eligible Contract Participant (ECP) Rule, Defenses and Waivers, Dorsey Partner Joseph Lynyak on Banking Industry Turmoil Turning to M&A. All rights reserved. Sygnus acquires 42.2% stake in CS&T, Partners with Facey Group to Grow Logistics Business. Sygnus Credit Investments Ltd (SCIUSD) - Investing.com If you decline, your information wont be tracked when you visit this website. South Korea | Crdit Agricole CIB History and Organisation Crdit Agricole CIB in Korea was the first French bank and one of the pioneering foreign banks to open a full-fledged commercial banking branch in Seoul in 1974. Sygnus Credit Investments Limited (SCI) 2022 Annual Report and AGM Its also invested in businesses in St Lucia, Barbados and the Dutch Caribbean subregion. Sygnus Credit Investments Limited (SCI) 2022 Annual Report and AGM Documents. Sygnus Group - The Caribbean's Leading Alternative Investment Platform SCI - Payment of Dividend to Shareholders - September 4, 2018. Sygnus Credit Investments is pleased to announce that we have now completed the acquisition of Puerto Rico based Acrecent Financial. Sygnus Credit Investments : SCI) - Share Buy-Back Programme The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Our approach to unravelling complex problems with skill and optimism is sustained by a fervor for excellence. This will continue, but we are now pursuing multiple transactions outside of Jamaica, he said. As to when you will see that (percentage) fall, I cannot predict, but it will definitely happen. SCI - Payment of Dividend to Shareholders - September 4, 2018. Incorporated in January 2017 under the International Business Companies Act, 1999 as an international business company, Sygnus Credit Investments Limited is a specialty Private Credit Investment Company focused on providing non-traditional financing to medium-sized entities across the Caribbean. A member of the. It is really alternative financing that can unlock the value in these companies and spur growth, he said. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Our business is anchored by our 3is Principles (Innovation, Independence and Integrity) driven by our Values (Professionalism, Accountability, Collaboration and Integrity), and defined by our Sygnus Difference. Management will retain 6.34% stake in the company. The SCI philosophy is to drive the velocity of growth for middle market firms across the region and offer an alternative channel through which businesses can access capital to drive their expansion and growth. Our investment objective is to generate attractive risk-adjusted returns, with an emphasis on principal protection, by generating income, through investments in our portfolio companies using private credit instruments. Sygnus Credit Investments's Dividends per Share for the months ended in . A single cookie will be used in your browser to remember your preference not to be tracked. Sygnus Credit Investments Limited (SCI) is a Jamaica-based specialty credit investment company. Sygnus also offers its clients Investment Banking, Wealth Advisory and Tax Advisory services. View Presentation Recording, SCI APO of Ordinary Shares Prospectusif(window.DEARPDF && window.DEARPDF.parseElements){window.DEARPDF.parseElements();}, Additional Public Offering of Ordinary Shares, Corporate Governance Frameworkif(window.DEARPDF && window.DEARPDF.parseElements){window.DEARPDF.parseElements();}, Copyright 2022 SYGNUS. Sygnus Credit Investments Limited is the Caribbeans largest publicly listed specialty Private Credit investment company, dedicated to providing nontraditional financing to MediumSized Firms across the wider Caribbean region. | 415 followers on LinkedIn. Copyright 2023 The Gleaner Company (Media) Limited. The Board of Directors of Sygnus Credit Investments Limited (SCI) has scheduled a meeting for Tuesday, February 21, 2023; at which time they will consider, and if thought fit, recommend, Copyright 2022 Jamaica Stock Exchange Limited. The Company provides non-traditional financing solutions to medium-sized firms across the Caribbean region. If you decline, your information wont be tracked when you visit this website. Sygnus Credit Investments (SCI) - Sygnus Group Sygnus Credit Investments Limited For the nine months ended March 31, 2022: - In United States dollars (except where it is indicated otherwise): Sygnus Credit Investments Limited for the nine months ended March 31, 2022, reported net interest income of US$5.30 million 27% increase on the US$4.17 million recorded in 2021. As of today (2023-05-28), the Dividend Yield % of Sygnus Credit Investments is 3.21%. The transaction will represent SCIs first acquisition and the largest single investment in SCIs history. Privacy Policy | Terms & Conditions. For the 2021 financial year, Sygnus Credit more than doubled profit from $1.9 million to US$5 million, its best showing since listing on the market four years ago. Sygnus Credit Investments Ltd. Sygnus Credit Investments Limited (SCI) was incorporated January 2017 in the island of St. Lucia and is an International Business governed by the International Business Companies Act 1999. Traditional financing is not necessarily the best prescription to generate the pace of growth that these companies want. The Company provides non-traditional financing solutions to medium-sized firms across the Caribbean region. To put this into perspective, the total GDP of SCIs entire Caribbean footprint in 8 territories up to this point is less than US$50 billion. Completion of the acquisition is subject to approval by the Puerto Rican regulator, the Office of the Commissioner of Financial Institutions (OCFI). The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Copyright 2022 SYGNUS. During the past 0 years, the highest Trailing Annual Dividend Yield of Sygnus Credit Investments was 7.32%. Copyright 2022 SYGNUS. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. As to whether the company expects to better its profit performance in FY2022, Morris was cautious in his response. MarketScreener: Created by Investors for Investors! Sygnus Credit Investments Limited (SCI) 2022 Annual Report and AGM Notice - Jamaica Stock Exchange Sygnus Credit Investments Limited (SCI) 2022 Annual Report and AGM Notice October 27, 2022 4:18 pm Sygnus Credit Investments Limited (SCI) 2022 Annual Report and AGM Documents SCI 2022 AGM - Annual Report SCI 2022 AGM - Notice of Meeting Privacy Policy | Terms & Conditions. Find out more about the cookies we use in our Privacy Statement. 29 August. Sygnus Credit Investments Limited - Dun & Bradstreet Sygnus Credit Investments (SCI) has advised that on December 22, 2021, SCI, through its newly formed subsidiary SCI Puerto Rico Inc., entered into a Stock Purchase Agreement to acquire a majority interest in Acrecent Financial Corporation (AFC), one of the largest private credit companies in Puerto Rico. SCI is a pioneering private credit investment company, which offers creative debt financing to middle market businesses across the Caribbean. SCI is breaking new barriers with the announced acquisition of its majority stake in AFC which operates within a US$100 billion economy and US territory. If you decline, your information wont be tracked when you visit this website. Thus, this acquisition will provide 3 key benefits to SCI and its shareholders (i) an opportunity to build international relationships to reimagine the growth and size of the business (ii) an opportunity to expand its credit portfolio into fast growth industries such as healthcare and biopharma, which are inaccessible within its current markets and (iii) an opportunity to deepen the diversification of its investment portfolio in terms of higher asset quality, geography and sector thus increasing downside protection while enhancing shareholder value., James Connor, CEO and founding partner of Acrecent, also expressed his positive thoughts on the acquisition: I am very enthused for my team at Acrecent to join the entrepreneurial Sygnus team and together becoming the Caribbeans formidable alternative investment force, raising and deploying transformational capital at scale in Puerto Rico and across Sygnus rapidly expanding Caribbean footprint.. Investor Relations - Sygnus Credit Investments - Sygnus Group PDF INVESTMENT AND SOVEREIGN RESEARCH December-21-2020 Sygnus Credit - JMMB View Presentation Recording, SCI Earnings Call FYE June 30, 2022if(window.DEARPDF && window.DEARPDF.parseElements){window.DEARPDF.parseElements();}, FYE June 30, 2022 SYGNUS reported 24% increase in nine months net profit The company is led by a very experienced team with an impressive track record in credit management. PDF Business Profile Key Details of APO and Instrument Summary - Scotiabank Find out more about the cookies we use in our Privacy Statement. And in June 2016, the dynamic group created Sygnus with one aim in mind to increase Caribbean clients access to capital and provide clients with customized and cutting-edge financial solutions. Puerto Rico is a US$100 billion economy with a population of 3.2 million. The move is to enhance shareholder value while rapidly growing and expanding the business, said Jason Morris, Executive Vice-President & Chief Investment Officer at Sygnus Credit Investments. Sygnus Capital successfully raises $4.3 billion for Sygnus Credit Sygnus Real Estate Finance Limited . SCI is a pioneering private credit investment company, which offers creative debt financing to middle market businesses across the Caribbean. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Acrecent, a Sygnus company based in Puerto Rico, established a union with four international impact investment firms to provide capital for small- and mid-sized enterprises (SMEs) in Puerto Rico. SCI provides non-traditional financing to medium-sized firms, which it Privacy Policy | Terms & Conditions. Alternative forms of investment such as Private Credit, Real Estate Finance and Private Equity are utilized to satisfy the unmet demands for . Sygnus Credit Investments : SCI) 2022 Annual Report, Sygnus Credit Investments Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023, Sygnus Credit Investments Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022, Sygnus Credit Investments Limited Reports Earnings Results for the First Quarter Ended September 30, 2022, Sygnus Credit Investments Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022, Sygnus Credit Investments Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2021, Sygnus Credit Investments Limited Reports Earnings Results for the First Quarter Ended September 30, 2021, Other Investment Management & Fund Operators. A single cookie will be used in your browser to remember your preference not to be tracked. Sygnus Credit Investments (SCI), which began operations in July 2017, is the largest listed private credit investment management company across the English, Dutch and Spanish speaking Caribbean. SYGNUS CREDIT INVESTMENTS LIMITED - MarketScreener.com Privacy Policy | Terms & Conditions, SCI Quarterly Report as at March 31, 2023, SCI Quarterly Report as at September 2022, SCI Audited Financial Statements FYE June 30, 2022, SCI Management Discussion & Analysis FYE June 30, 2022, SCI Audited Financial Statements FYE June 2021, SCI Management Discussion and Analysis FYE June 2021, SCI Audited Financial Statements FYE June 2020, SCI Management Discussion and Analysis FYE June 2020, SCI Audited Financial Statements FYE June 2019, SCI Management Discussion and Analysis FYE June 2019. Since SCI began operations, the combined business has originated and funded in excess of US$440M in capital to middle market businesses across the Caribbean. Find out more about the cookies we use in our Privacy Statement. 20 was JMD0.00. Sygnus revises growth strategy, eyeing share buy-back plan Sygnus Real Estate Finance Limited (SRF) provides flexible capital (Debt or Equity) to all classes of real estate assets (commercial, industrial or residential). Sygnus Credit doubles investment portfolio - Jamaica Gleaner Sygnus Credit Investments : SCI) Unaudited Financial Statements - 3rd Quarter Ended .. All Titles. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Existing shareholders and Sygnus employees can avail the reserved shares at a subscription price of 11 U.S. cents per U.S. dollar-denominated share or 13.10 Jamaican dollars per Jamaican dollar-denominated share.. Sygnus Capital Limited is the lead arranger while . SCI has total Assets Under Administration (AUA) in excess of US$250M including the assets of its recently concluded acquisition of Acrecent Financial Corporation (AFC). SCI offers credit financing to companies and currently holds a large pool of funds for investment referred to in industry-speak as dry powder that Morris says is available for deployment to well-run companies that want to outlast crises such as the COVID-19 pandemic. The company plans to do more investments in the Caribbean this year, which Morris said should lead to a reduction of the Jamaican share to under 50 per cent of the total portfolio. CONDITIONS are ripe for impact-inspired investors in the United States and other developed nations to earn attractive risk-adjusted returns by making even small allocations to reputable Caribbean-based emerging alternative investments managers. ("Centroid"), a private equity investment ("PE") firm based in Seoul, Korea, has been one of . Sygnus Credit Investments : SCI acquires Acrecent Financial Corporation in Puerto Rico, Sygnus Credit Investments Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023, Sygnus Credit Investments Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022, Sygnus Credit Investments Limited Reports Earnings Results for the First Quarter Ended September 30, 2022, Sygnus Credit Investments Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022, Sygnus Credit Investments Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2021, Sygnus Credit Investments Limited Reports Earnings Results for the First Quarter Ended September 30, 2021, Other Investment Management & Fund Operators. AFC has a private credit portfolio of at least US$60,000,000 and assets under administration of at least US$125,000,000. The purchase price paid for the Shares was US$21,223,591. View Presentation Recording, SCI Earnings Call September 30, 2022if(window.DEARPDF && window.DEARPDF.parseElements){window.DEARPDF.parseElements();}, September 30, 2022 Beris Grey, CEO of Sygnus Capital, Investment Manager of SCI, said SCI is very pleased to be entering this partnership with AFC and its fantastic team of professionals, led by CEO James Connor. It is a licensed financing and leasing company focused primarily on the senior secured private credit market for small and middle-market businesses in Puerto Rico. Media Contact: Centroid Investment Partners: Yera Choi, (year.choi@centrodip.com, +82 2 780 8071) Contacts Media Contact: Centroid Investment Partners: Yera Choi, ( year.choi@centrodip.com , +82 2 . Our approach to unravelling complex problems with skill and optimism is sustained by a fervor for excellence. This website stores cookies on your computer which help us improve our site and provide more personalized information to you. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Find out more about the cookies we use in our Privacy Statement. Sygnus manages Sygnus Credit Investments Limited (SCI) which is listed on the JSE and the largest Private Credit Investment company in the English-Speaking Caribbean. This website stores cookies on your computer which help us improve our site and provide more personalized information to you. We are truly happy and grateful to have partnered with Pan American Finance, who were instrumental in securing the winning bid and working with us to get such an exciting deal executed for SCI.. We share mutual values across our teams and have similar cultures which will help us collectively grow the combined business to new frontiers. Dorsey & Whitney LLP and ONeill & Borges LLC acted as legal advisors to SCI, and EY Caribbean as Financial, Tax and IT advisors. The executive management team of AFC will remain partners with SCI. Sygnus Credit Investments Limited ("SCI") is pleased to announce that SCI, through its subsidiary SCI Puerto Rico Inc., completed the acquisition of 93.66% of the shares in Acrecent Financial Corporation ("AFC") effective February 28, 2022. IPO Details - jncb.com Copyright 2022 SYGNUS. This website stores cookies on your computer which help us improve our site and provide more personalized information to you. Distributed by Public, unedited and unaltered, on 27 October 2022 21:31:54 UTC . SCIJMD | Sygnus Credit Investments Ltd. Stock Price & News - WSJ The technical storage or access that is used exclusively for statistical purposes. 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In February 2022, SCI acquired AFC, one of the largest private credit companies in Puerto Rico, a US$100B territory in the Caribbean. The Company invests primarily in private credit instruments, including bilateral notes and bonds, preference shares, asset backed debt, mezzanine debt, convertible debt and other forms of structured private credit instruments. Sygnus Credit said it improved the yield on its private credit investments from 11.8 per cent to 12.5 per cent, and that its average investment in targeted companies has moved up from US$1.75 million to US$2.36 million. Sygnus Credit Investments Limited ("SCI") is pleased to announce that SCI, through its subsidiary SCI Puerto Rico Inc., completed the acquisition of 93.66% of the shares in Acrecent Financial Corporation ("AFC") effective February 28, 2022.